{"id":35535,"date":"2024-01-05T09:53:39","date_gmt":"2024-01-05T09:53:39","guid":{"rendered":"https:\/\/coingrafter.com\/index.php\/2024\/01\/05\/sei-price-dips-amid-panic-selling-how-will-sei-fare-in-2024\/"},"modified":"2024-01-05T09:53:39","modified_gmt":"2024-01-05T09:53:39","slug":"sei-price-dips-amid-panic-selling-how-will-sei-fare-in-2024","status":"publish","type":"post","link":"https:\/\/coingrafter.com\/index.php\/2024\/01\/05\/sei-price-dips-amid-panic-selling-how-will-sei-fare-in-2024\/","title":{"rendered":"SEI Price Dips Amid Panic Selling, How Will SEI Fare In 2024?"},"content":{"rendered":"

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\u201cAs goes January, so goes the year\u201d. This is a well-liked perception within the Wall Street circles. Advocates of the January Barometer consider that the market\u2019s first-month efficiency units the temper for the entire yr.<\/p>\n

Building on this pretext, main digital belongings have been having a ball since final month. Some argue that \u201ccrypto is back from the grave.\u201d Optimism grows stronger<\/a> day-after-day that the US Securities and Exchange Commission (SEC) will give its blessing to the primary wave of spot Bitcoin exchange-traded funds (ETFs)<\/a> as early as subsequent week.<\/p>\n

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The much-hyped Bitcoin ETF is proving to be a boon for the cryptocurrency market, with BTC price<\/a> up 1.8% and Ethereum up 1.4% during the last 24 hours. While smaller tokens, or altcoins, are swinging backwards and forwards between inexperienced and purple, the investor sentiment across the crypto market is basically bullish.<\/p>\n

Over $1.5 Million In SEI Long Positions Liquidated In the Last 24 Hours<\/h2>\n

However, prospects for SEI \u2014 the namesake token of layer-1 Sei Network launched final yr \u2014 look ominous. The SEI token tanked almost 7.5% earlier right now to $0.73, sending its market capitalization tumbling to $1.7 billion, from $1.82 billion in a matter of 24 hours. However, the token has since reversed some losses however continues to be buying and selling within the purple. As of writing, SEI worth stood at $0.74, down over 3% during the last 24 hours.<\/p>\n

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